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As a result, the companies get a lot of exposure to VCs, investors, and partners in larger, more traditional startup hubs. Provide early seedcapital, and be the ones to make those introductions. And do your customerdevelopment. Some of the mentors are based in Boulder, but many are not.
My partner David has also written about this a bunch. In short, I find that authenticity helps a founder more quickly find product/market fit, recruit and inspire teams, and resonate more deeply with customers. I’ll dig into this a bit further… Founder/Market Fit. For many software products, this can happen relatively quickly.
Does our product or service solve a customer problem (product-market fit)? How do we attract, keep and grow customers? Who are the partners? If you’re a scalable startup, you want to spend small amounts of money (seedcapital) as you run experiments testing your hypotheses. And what are its costs? What is an IRR?
The first wave of startups began when R&D centers and universities began to provide the technology and seedcapital for new startups that were spin-outs or spin-offs. A few foreign VC firms like IDG CapitalPartners entered China in the early 1990s. China CustomerDevelopment Technology Venture Capital'
For entrepreneurs, seeking seedcapital means meeting with numerous VC firms and sometimes dozens of angels… fun? Telling the same pitch over and over again… taking time away from more immediately impactful endeavors like recruiting and customerdevelopment… the endless follow-ups and inevitable radio silence… fun?
Does our product or service solve a customer problem (product-market fit)? How do we attract, keep and grow customers? Who are the partners? If you’re a scalable startup, you want to spend small amounts of money (seedcapital) as you run experiments testing your hypotheses. And what are its costs? What is an IRR?
The first wave of startups began when R&D centers and universities began to provide the technology and seedcapital for new startups that were spin-outs or spin-offs. A few foreign VC firms like IDG CapitalPartners entered China in the early 1990s. China CustomerDevelopment Technology Venture Capital'
What is the best advice you can give for finding a business partner? Don’t quickly choose any business partner. The key is to ask the right people what they think – not your friends, parents or partner. The right people are potential customers – ask them if they have the problem. Initial developer: partner or hired?
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